Joel Greenblatt Gotham Asset Management
Joel Greenblatt is a co-founder of Gotham Asset Management and a well-known value investor, professor, and author. He gained wide recognition for The Little Book That Beats the Market and for popularizing a systematic value approach often called the “magic formula.” Greenblatt’s career spans special-situation investing, quantitative value strategies, and investor education.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$208M |
| 2 |
NVIDIA
NVDA
|
+$74.8M |
| 3 |
Gotham Enhanced 500 ETF
GSPY
|
+$49M |
| 4 |
Merck
MRK
|
+$20.3M |
| 5 |
GE Aerospace
GE
|
+$19.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Celanese
CE
|
+$14.3M |
| 2 |
ExxonMobil
XOM
|
+$11.5M |
| 3 |
APA Corp
APA
|
+$11.5M |
| 4 |
Kenvue
KVUE
|
+$10.7M |
| 5 |
Mattel
MAT
|
+$10.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.43% |
| 2 | Industrials | 11.88% |
| 3 | Consumer Discretionary | 10.29% |
| 4 | Healthcare | 9.07% |
| 5 | Financials | 5.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
J.M. Smucker
SJM
$13.3B
| $6.94M | 0.07% |
57,297
+13,284
| +30% | +$1.56M |
|
402
Tradeweb Markets
TW
$22.6B
| $6.91M | 0.07% |
55,863
+6,218
| +13% | +$705K |
|
403
QuidelOrtho
QDEL
$1.01B
| $6.91M | 0.07% |
+151,449
| New | +$6.13M |
|
404
Ubiquiti
UI
$33.8B
| $6.9M | 0.07% |
31,112
+4,946
| +19% | +$903K |
|
405
Amgen
AMGN
$238B
| $6.9M | 0.07% |
21,405
-735
| -3% | -$240K |
|
406
Honeywell
HON
$68.4B
| $6.89M | 0.07% |
35,355
+22,433
| +174% | +$4.35M |
|
407
US Foods
USFD
$23.7B
| $6.89M | 0.07% |
111,990
+33,006
| +42% | +$1.85M |
|
408
Union Pacific
UNP
$183B
| $6.86M | 0.07% |
27,814
-8,068
| -22% | -$1.96M |
|
409
Mettler-Toledo International
MTD
$28B
| $6.75M | 0.07% |
4,502
+2,007
| +80% | +$2.82M |
|
410
Curtiss-Wright
CW
$23.5B
| $6.71M | 0.07% |
20,407
-1,047
| -5% | -$310K |
|
411
Phinia Inc
PHIN
$2.67B
| $6.7M | 0.07% |
145,663
+3,906
| +3% | +$176K |
|
412
IQVIA
IQV
$42.8B
| $6.65M | 0.07% |
28,056
-4,708
| -14% | -$1.11M |
|
413
Alaska Air
ALK
$4.51B
| $6.62M | 0.07% |
146,434
-32,154
| -18% | -$1.22M |
|
414
CVS Health
CVS
$119B
| $6.61M | 0.07% |
105,099
-40,822
| -28% | -$2.38M |
|
415
Analog Devices
ADI
$182B
| $6.54M | 0.07% |
28,405
-4,403
| -13% | -$992K |
|
416
Zebra Technologies
ZBRA
$17.4B
| $6.51M | 0.07% |
17,585
+3,758
| +27% | +$1.26M |
|
417
Darden Restaurants
DRI
$25.2B
| $6.51M | 0.07% |
39,671
-1,338
| -3% | -$203K |
|
418
Baker Hughes
BKR
$61.9B
| $6.48M | 0.07% |
179,203
+36,647
| +26% | +$1.29M |
|
419
iShares Core S&P Small-Cap ETF
IJR
$111B
| $6.48M | 0.07% |
55,382
+15,593
| +39% | +$1.76M |
|
420
Crown Holdings
CCK
$13B
| $6.48M | 0.07% |
67,551
-10,098
| -13% | -$870K |
|
421
Freeport-McMoran
FCX
$110B
| $6.46M | 0.07% |
129,355
+13,081
| +11% | +$590K |
|
422
Dropbox
DBX
$7.5B
| $6.44M | 0.07% |
253,113
-28,449
| -10% | -$669K |
|
423
Royal Gold
RGLD
$21.9B
| $6.43M | 0.07% |
45,828
-8,077
| -15% | -$1.11M |
|
424
NCR Atleos
NATL
$3.43B
| $6.41M | 0.07% |
224,808
-32,178
| -13% | -$936K |
|
425
Crane Co
CR
$12B
| $6.3M | 0.07% |
39,797
-14,459
| -27% | -$2.18M |
|
Similar funds
Joel Greenblatt's Q3 2024 Portfolio in Review
As of Q3 2024, Joel Greenblatt held 1,552 positions worth $9.67B, up 25% from $7.72B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Joel Greenblatt deployed $1.31B of net new capital in Q3 2024, opening 145 new positions and adding to 741 existing holdings. Its largest new stake was AST SpaceMobile: 520,630 shares worth $13.6M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Celanese, an estimated $14.3M trimmed.
- Joel Greenblatt's largest Q3 2024 buy was AST SpaceMobile: 520,630 shares worth $13.6M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2024, an estimated $208M increase.
- Joel Greenblatt's biggest Q3 2024 reduction was Celanese, cutting an estimated $14.3M.
- Joel Greenblatt fully exited Corteva in Q3 2024, selling an estimated $9.36M.
- Joel Greenblatt's ten largest holdings make up 25% of its $9.67B portfolio in Q3 2024.
- Joel Greenblatt opened 145 new positions and closed 150 in Q3 2024.
- Joel Greenblatt's portfolio value rose 25% quarter-over-quarter to $9.67B.
Based on Gotham Asset Management's 13F filing for Q3 2024, filed 14 Nov 2024.